BUHARI WARNS NASS TO APPROVE LOAN OR RISK N1.8 TRILLION BURDEN IN 2023

 



By Agbetu Becky

Nigeria’s President, Muhammadu Buhari has cautioned the National Assembly

to reconsider its position on his administration’s N22.7 trillion ‘Ways and Means’

loan request, stressing that if the legislature  fail to approve the loan, it would cost

the government an additional N1.8 trillion in 2023.

Buhari’s appeal comes only one week that the Senate had suspended his request to restructure the N22.7 trillion ‘Ways and Means advances’.

Whilst signing the 2023 budget into law, Buhari  made the disclosure in Abuja yesterday.  

The  2023 budget with a total of N21.83 trillion is President Buhari’s eighth and final budget.

Interestingly, the Senate President, Ahmed Lawan, pledged commitment to consider Buhari’s request in his reaction.

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